Discovering Isha Ambani's Business Portfolio: 5 Brands Tied To The Reliance Heiress

With a net worth of 116.3 billion dollars (Rs 9.6 lakh crore approx), Ambani has taken big decisions to take the legacy of his Reliance Industries forward as his three kids Isha Ambani, Akash Ambani and Anant Ambani have taken seats on the Board of Directors table.

While Isha Ambani is heading Reliance Retail, her twin brother Akash Ambani is heading Reliance Jio. Soon-to-be-married Anant Ambani is heading Reliance New Energy.

While Akash and Isha are well-settled in both their personal and professional lives, Anant is all set to take the wedding plunge this year. With all eyes on the Ambani wedding and pre-wedding festivities, let¡¯s understand the role that Isha Ambani plays in Reliance Industries.

bollywoodlife

She is currently heading Reliance Retail as the Managing Director of the conglomerate's retail division.

Isha Ambani¡¯s Contribution To Reliance Industries Limited

As of August 2023 report by Forbes, Reliance Retail holds a valuation of $100 billion, roughly equivalent to Rs 8.2 lakh crore. The significant success of this key subsidiary of Reliance Industries Limited (RIL) can be credited to the business expertise of Isha Ambani. Her own net worth stands at Rs 831 crore.

Throughout the years, the retail enterprise has not only developed indigenous brands to naturally rival established international markets but has also strategically acquired or partnered with numerous well-known international brands.

You¡¯ll be surprised to know that these 5 brands are owned by her:

1. Tira Beauty

twitter

Seen as Ambani's answer to Nykaa, Tira Beauty is obviously grander. An omni-channel beauty retail platform led by Isha Ambani, Tira Beauty specializes in curating a diverse range of beauty brands from both global and domestic origins. Among the luxury beauty brands available on Tira are Versace, Moschino, Dolce & Gabbana, Jimmy Choo, and others.

2. Hamleys

shutterstock

In 2019, Reliance Brands Limited acquired Hamleys, recognized as the world's oldest and largest toy retailer, securing a 100% stake in the company. The deal, as reported by Economic Times, amounted to ?67.96 million, approximately equivalent to Rs 620 crore.

3. AJIO

brand equity

Reliance Retail's e-commerce platform for fashion and lifestyle, AJIO achieved an annual sales figure of $2 billion (around Rs 16,580 crore) in 2023, measured by gross merchandise value, as reported by Hindustan Times. This success was a result of Reliance Retail's collaboration with international brands like GAP, where Reliance Retail serves as the official retailer in India.

Additionally, in 2022, Reliance Retail introduced AZORTE fashion stores, in the form of both physical outlets and online through AJIO.

4. Netmeds

indian-retailer

Reliance Retail ventured into the pharmaceutical sector through its association with Netmeds, an e-pharmacy situated in Chennai that serves consumers through both online (digital platform) and offline (standalone stores) channels. As of 2020, Reliance Retail acquired a majority equity stake of 60% in Vitalic, the parent company of Netmeds, for an estimated amount of Rs 620 crore, as reported by Economic Times. Additionally, Reliance Retail gained complete direct equity ownership of subsidiaries affiliated with Netmeds.

5. 7-Eleven

swarajya

7-Eleven, recognized as the world's leading convenience store, operates 24/7. In 2021, Reliance Retail entered into a partnership with the Dallas-based 7-Eleven to establish its stores in India, with the inaugural store opening in Mumbai.